Bituminous and Fuel Price Adjustment

TO ALL CONTRACTORS, SUBCONTRACTORS, MATERIAL SUPPLIERS, AND OTHERS
INTERESTED IN WORK ON WHICH BIDS ARE SOLICITED BY THE ARIZONA DEPARTMENT OF TRANSPORTATION

PRICE ADJUSTMENT FOR BITUMINOUS MATERIAL AND DIESEL FUEL

May 29, 2024

When appropriate, the special provisions for certain projects will contain a provision for adjustment of
the cost of bituminous material. This will be shown in Section 109 of the special provisions.

The “initial cost” (IC), as the term is used in the special provisions, for bituminous material
used on projects on which bids are opened during the month of JUNE 2024 is $523.00 per ton and this
value will also be deemed to be the “current price” (CP) for the month of JUNE 2024 for projects in
construction.

Also, when included in the special provisions for certain projects, an adjustment to the
contractor’s monthly progress payment may be made when fluctuations in the price of diesel fuel
exceed ± 15 percent of the “initial cost”. An adjustment, if applicable, will be made as specified in
Section 109 of the special provisions.

The “initial cost” (IC), as the term is used in the special provisions, for diesel fuel for
projects on which bids are opened during the month of JUNE 2024 is $2.52 per gallon. This value
will also be deemed to be the “current price” (CP) for the month of MAY 2024 for projects in
construction.

Copies of the most recent versions of the special provisions for bituminous material price
adjustment and diesel fuel price adjustments are available from Contracts & Specifications Section.